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Ince & Co

ALDGATE TOWER, 2 LEMAN STREET, LONDON, E1 8QN, ENGLAND
Tel:
Work 020 7481 0010
Fax:
Fax 020 7481 4968
DX:
1070 LONDON CITY EC3
Web:
www.incelaw.com

Kiran Soar

Tel:
Work +44 (0) 20 7481 0010
Email:
Ince & Co

Work Department

Insurance & Reinsurance

Position

Partner

Career

Kiran is Global Head of the firm's Insurance and Reinsurance Group. Kiran’s practice spans a number of classes of business, and much of Kiran’s work has an international flavour. 

He is ranked in both Chambers & Partners and the Legal 500, and is described as having

“EXPERIENCE ACROSS A WIDE RANGE OF BUSINESS CLASSES" AND EARNS PRAISE FROM HIS CLIENTS WHO SAY THAT "HE IS AN ABSOLUTE ASSET" AND "HE'S A VERY GOOD LAWYER IN ADDITION TO BEING VERY APPROACHABLE AND ALWAYS WILLING TO CHAT THINGS THROUGH"CHAMBERS & PARTNERS 2017

"KIRAN HAS EXCELLENT CLIENT SKILLS AND IS ALWAYS WILLING TO 'GO THE EXTRA YARD'. HE HAS THE ABILITY TO CONDENSE COMPLEX MATTERS INTO THE KEY CORE ISSUES AS HAVING A 'VERY GOOD EYE FOR DETAIL AND A FLEXIBLE APPROACH, TAILORED TO THE CLIENT’S NEEDS ON A CASE-BY-CASE BASIS'.”  CHAMBERS & PARTNERS 2014

Insurance & Reinsurance

Kiran’s practice covers a variety of contentious and non-contentious insurance and reinsurance matters for clients based in the London market, US, Bermuda and Europe, in a number of classes of business. His primary focus is on property and liability insurance, reinsurance (and run-off claims), and specialty lines including contingency, bloodstock, accident and health and jeweller’s block/specie. 

Recent examples of Kiran’s work include: 

  • Advising insurers on subrogated recoveries arising from the London riots;

  • Advising London market insurers on US liability exposures arising from the construction of a US onshore power facility;

  • Advising contingency insurers on terrorism exposures, and losses from US risks;

  • Advising an international reinsurer on their New Zealand earthquake exposures;

  • Advising on flood claims arising from the 2008 Queensland floods; 

  • Advising London insurers in respect of coverholder issues arising from their Australian book of business;

  • Advising reinsurers on aggregation issues arising from underlying UK medical negligence risks;

  • Drafting a bespoke insurance policy wording for a marine wreck removal project;

  • Acting for London insurers and reinsurers seeking recovery of reinsurance assets globally, including London arbitrations and enforcement proceedings abroad;

  • Advising London and EU insurers on issues arising out of binding authority and commission arrangements in the London market.

Kiran also advises clients on non-contentious insurance and reinsurance issues including policy wordings, binding authority agreements and also ART/ILS transactions. 

Kiran is a member of a number of market associations including the Insurance and Reinsurance Legacy Association (where Kiran is co-chair of the Education Committee), the Lloyd’s Market Association and the IUA Contingency Working Party.


London: Insurance

Insurance and reinsurance litigation

Within: Insurance and reinsurance litigation

Ince & Co specialises in marine and energy-related insurance, with around 50% of its insurance work coming from these sectors; the team also handles property, business interruption, political risk, trade credit, professional negligence, D&O, and reinsurance matters. The roots of the practice lie in marine insurance law, and the firm handles ship casualty investigations as well as advising on marine insurance coverage questions. Global head of insurance Kiran Soar is advising RSA and a large group of other leading London and international marine insurers on the $30m coverage dispute following the sinking of the bulk carrier Panamax Trader in 2015 - one of the most important marine insurance cases of the year. While Chris Jefferis and Johanna Ewan recently left the firm to join long-term client XL Catlin, the practice maintains a strong UK and international capability, with a network of overseas offices and a number of partners qualified to practice in more than one jurisdiction. Recently promoted Elle Young is a go-to name for contentious matters across a wide range of marine classes of direct insurance and facultative reinsurance business. In another recent highlight that demonstrates the firm's place in the market, Simon Cooper was instructed to prepare the single claims agreement to govern the model formed by Lloyd's and the International Underwriting Association to allow a single insurer to agree claims on behalf of the whole insurance market.

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Insurance: corporate and regulatory

Within: Insurance: corporate and regulatory

Ince & Co combines specialist industry knowledge, geographic reach and experience, enabling it to provide M&A and transactional advice in both domestic and cross-border matters. The firm acts for a range of insurers, reinsurers, brokers, run-off companies/discontinued businesses, and large financial institutions. For many of these clients a particular recent focus is Brexit planning. Kiran Soar is a noted member of the team; he primarily focuses on property and liability insurance, reinsurance and run-off claims, acting for clients based in London, the US, Bermuda and Europe.

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